$ETH Ethereum's Deflation Machine The numbers tell a sile | Crypto_Alchemy on Binance Square

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$ETH 
Ethereum's Deflation Machine
The numbers tell a silent revolution:
163,100 ETH vanished into reserves,
39,200 absorbed by ETF hunger,
1,300 burned into digital nothingness.
More destroyed than created -
the ultimate scarcity play unfolds.
#Ethereum
(Sound money isn't printed,
it's earned through utility.
The financial internet's backbone
grows stronger by the block.)

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

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So, I'm watching for us to potentially retest this. Maybe have a nice little drop back down to this like July 25th wick and then get the big break to 120K, retest 117K, you know, have this uh hold of support and then we get that big break to 130K. There's also a possibility of us not even rejecting 117K, breaking above it, targeting 120K, retesting 117K, and then just going crazy to the upside. But still, regardless of what happens here, I'm expecting us to get that 130k target hit on Bitcoin. Um, probably within the month of August, depending on how violent things get. I mean, listen, after our last, you know, major drop in the market, that was June 22nd, you know, from June 22nd, if we're looking at the time frame here, you know, it was 22 days. It was 22 days for us to have that drop all the way down to like 98.2K and then a run to 123K. If we're thinking about that price change on Bitcoin, that was a 25 almost 5% runup on Bitcoin. If we're talking about 25, you know, 5% being this next major move possibly, you know, then we're looking at like 140K, which is why I think 130K is pretty conservative for this violent recovery. and 22 days off of the low. That would take us right to about August 24th. So, we could see 130k targeted on Bitcoin in the month of August, which would be very big for the market. Um, but I do think that this is a very good start for the recovery.$BTC $BNB

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$BTC Now, like I said, 117K is my target initially. If we could flip over that, regain some strength on Bitcoin, that would be very good. In terms of the liquidation heat map on Bitcoin, you know, I do think that the second that we start to actually break above like 115K, we're going to start to see liquidations helping fuel, you know, Bitcoin's move to 117K because we could see that there is quite a bit of leverage within this range to actually help us push Bitcoin higher. Uh we'll have to wait and see what happens. But you know there definitely is quite a bit of leverage within this area that you know could be the fuel for us to actually move to 117K possibly even 120K because after we get above 117K there's really not a lot of leverage here uh to go off of on Bitcoin. I mean again it's probably all around like 120K. We actually look at this. Let me uh zoom out real quick just to kind of see where we would be on this uh on this chart. So yeah, I mean if we're really looking at a lot of the heat map here, most of the leverage trades will probably be up here at 120K, I would say. Um and again, 120K can happen pretty quick. And once we break over 120K, I'm sure that there's a decent amount of liquidations up there. If we're thinking about this, this could be the start of a major short squeeze on Bitcoin. Same with even Ethereum, right? There's still a lot of shorts in play on Ethereum. And I do think that Ethereum once Ethereum reclaims like 3620, it could also start to have that violent recovery and that violent push above $4,000. And that's when a lot of these old coins like XRP, XLM, Sooie, even HBAR, that's when they will start to have that big break to the upside. #BinanceHODLerTOWNS #BTCReserveStrategy #MarketRebound #btc

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